The Tax Office has announced that it will be sending out information to employers with superannuation obligations in April 2013 to assist them in preparing for a range of reforms being implemented from 2013 to 2019. The two major changes […]
The short answer in principle is: the lower the investment in stocks the better. Apart from buffer stocks that businesses sometimes need in case of shortages of supply and strategic stocks in case of war, sudden changes in demand and […]
Well, to illustrate the importance of knowing what your customers really want… let’s take a real life example from the property industry. A property development and building company was promoting a new complex. The company thought the major reason tenants […]
If you’re a compulsive discounter……I hope you’ve done your numbers!!!Consumers are often drawn to businesses offering discounts, and rightly so. But more often than not, those businesses offering discounts do not fully understand the impact this has on overall profitability. […]
There is nothing worse than not having control, no matter what the circumstances. People often ask: “Should I be monitoring my businesses by methods other than if we are ‘busy’ or not; “What should I be monitoring’ “How regularly should […]
In boom times it’s very easy for business owners to ignore the quality of their financial reporting system and turn a blind eye to financial management issues. Unfortunately when these bad habits spill over in to difficult economic times it […]
